Could You Live on the Average Monthly Social Security Benefit?
Many people assume that they'll manage just fine on Social Security once they enter retirement. And that line of thinking often leads them away from building savings.
You, too, may be convinced that Social Security will more than take care of your future living expenses. But when you see what the program pays the average beneficiary today, you might quickly change your mind.
The average senior on Social Security today collects $1,559 a month. Now before we go any further, we need to make one thing clear, and it's that your benefit could end up looking very different.
Source Fool.com